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SBI, IIT Kharagpur launch portal for IP development

State Bank of India is collaborating with IIT Kharagpur to develop a customized portal for launching ‘Intellectual Property Development as a service’ (IPDaas) for intellectual property rights generation. DMD of SBI Mrutyunjay Mahapatra launched the project at IIT Kharagpur. A statement issued said IPDaas will facilitate streamlining patent applications for solutions developed internally and thereby making them available for external use through licensing. Prof P.P. Chakrabarti, director, IIT Kharagpur said it is trend-setting for an organization like SBI to move towards holistic IP creation. This would create an ecosystem for organizations in India especially in the financial sector to promote their technical expertise. IIT Kharagpur will work with SBI Collaborative Innovation Centre (CIC) team.

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